Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SBH
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Weaker technical forecast for Sally Beauty Holdings Inc as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Sally Beauty Holdings Inc stock price gained 2.05% on the last trading day (Thursday, 28th Mar 2024), rising from $12.17 to $12.42. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.21% from a day low at $12.16 to a day high of $12.55. The price has risen in 6 of the last 10 days and is up by 4.9% over the past 2 weeks. Volume fell on the last day by -331 thousand shares and in total, 1 million shares were bought and sold for approximately $13.48 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.20% during the next 3 months and, with a 90% probability hold a price between $10.98 and $13.15 at the end of this 3-month period.

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SBH Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 9.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sally Beauty Holdings Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $12.59. On a fall, the stock will find some support from the short-term average at $11.99. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Sally Beauty Holdings Inc stock

Sally Beauty Holdings Inc finds support from accumulated volume at $12.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.390 between high and low, or 3.21%. For the last week, the stock has had daily average volatility of 4.28%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SBH) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Sally Beauty Holdings Inc to open at $12.37, and during the day (based on 14 day Average True Range), to move between $11.91 and $12.93, which gives a possible trading interval of +/-$0.512 (+/-4.12%) up or down from last closing price. If Sally Beauty Holdings Inc takes out the full calculated possible swing range there will be an estimated 8.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $12.32 (0.81%) than the resistance at $12.59 (1.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sally Beauty Holdings Inc stock A Buy?

Sally Beauty Holdings Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.491 Sell Candidate Downgraded

Predicted Opening Price for Sally Beauty Holdings Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$12.37 ( 0.376%) $12.42

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SBH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 12.76 2.76 %
R2 12.61 1.56 %
R1 12.52 0.82 %
Current price: 12.42
Support S1 12.22 -1.58 %
S2 12.13 -2.32 %
S3 11.98 -3.52 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.97 4.43 %
R2 12.86 3.54 %
R1 12.59 1.37 %
Current price 12.42
Support S1 12.32 -0.81%
S2 11.84 -4.67%
S3 11.63 -6.36%

FAQ

What is the symbol for Sally Beauty Holdings Inc Stock and on which exchange is it traded?
The symbol for Sally Beauty Holdings Inc is SBH and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Sally Beauty Holdings Inc Stock?
Sally Beauty Holdings Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Sally Beauty Holdings Inc Stock?
Sally Beauty Holdings Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sally Beauty Holdings Inc Stock.

What's the current price of Sally Beauty Holdings Inc Stock?
As of the end of day on the 2024-03-28, the price of an Sally Beauty Holdings Inc (SBH) share was $12.42.

What is the 52-week high and low for Sally Beauty Holdings Inc Stock?
The 52-week high for Sally Beauty Holdings Inc Stock is $15.93 and the 52-week low is $7.21.

What is the market capitalization of Sally Beauty Holdings Inc Stock?
As of the 2024-03-28, the market capitalization of Sally Beauty Holdings Inc is 1.303B.

When is the next earnings date for Sally Beauty Holdings Inc?
The upcoming earnings date for Sally Beauty Holdings Inc is May 02, 2024.
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About Sally Beauty Holdings Inc

Sally Beauty Holdings, Inc. operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals. This segment also provides pro... SBH Profile

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